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For this question, please refer to the above excerpts from Oracles 2021 10-K. Assume the company defines adjusted EBITDA as operating profit before depreciation and
For this question, please refer to the above excerpts from Oracles 2021 10-K. Assume the company defines adjusted EBITDA as operating profit before depreciation and amortization and excluding stock-based compensation and any nonrecurring items. Calculate Oracles 2021 adjusted EBITDA. Answers should be rounded to the nearest whole number, comma separating 000s, and NOT written in currency format. For example, if the answer is $15,505,210.50, you would input 15,505,211.
ORACLE CORPORATION CONSOLIDATED STATEMENTS OF OPERATIONS For the Years Ended May 31, 2021, 2020 and 2019 Year Ended May 31, 2020 2021 2019 $ $ $ 28,700 5,399 3,359 3,021 40,479 27,392 5,127 3,443 3,106 39,068 26,707 5,855 3,704 3,240 39,506 4,353 4,006 (in millions, except per share data) Revenues: Cloud services and license support Cloud license and on-premise license Hardware Services Total revenues Operating expenses: Cloud services and license support(1) Hardware(1) Services Sales and marketing(1) Research and development General and administrative Amortization of intangible assets Acquisition related and other Restructuring Total operating expenses Operating income Interest expense Non-operating income, net Income before benefit from (provision for) income taxes Benefit from (provision for) income taxes Net income Earnings per share: Basic Diluted Weighted average common shares outstanding: Basic 972 2,530 7,682 6,527 1,254 1,379 138 431 25,266 15,213 (2,496) 282 12,999 747 13,746 1,116 2,816 8,094 6,067 1,181 1,586 56 250 25,172 13,896 (1,995 162 12,063 (1,928) 10,135 3,782 1,360 2,853 8,509 6,026 1,265 1,689 44 443 25,971 13,535 (2,082) 815 12,268 (1,185 11.083 $ $ $ $ 3.16 $ 4.67 4.55 3.05 2.97 $ S 3.08 $ 3,634 2,945 3,022 3,211 3,294 Diluted 3,732 ORACLE CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS For the Years Ended May 31, 2021, 2020 and 2019 Year Ended May 31, 2020 2021 2019 13,746 S 10,135 $ 11,083 1,537 1,379 192 (2,425) 1,837 (39) 1,382 1,586 245 (851) 1,590 239 1,230 1,689 190 (1,191) 1,653 157 (690) 665 (496) 141 622 (23) (1,485) 405 15,887 (272) 261 (102) (453) 306 14,551 (444) (222) 13,139 (in millions) Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation Amortization of intangible assets Allowances for doubtful accounts receivable Deferred income taxes Stock-based compensation Other, net Changes in operating assets and liabilities, net of effects from acquisitions: Decrease increase) in trade receivables, net Decrease prepaid expenses and other assets Decrease in accounts payable and other liabilities Decrease income taxes payable Increase (decrease) in deferred revenues Net cash provided by operating activities Cash flows from investing activities: Purchases of marketable securities and other investments Proceeds from maturities of marketable securities Proceeds from sales of marketable securities and other investments Acquisitions, net of cash acquired Capital expenditures Net cash (used for) provided by investing activities Cash flows from financing activities: Payments for repurchases of common stock Proceeds from issuances of common stock Shares repurchased for tax withholdings upon vesting of restricted stock-based awards Payments of dividends to stockholders Proceeds from borrowings, net of issuance costs Repayments of borrowings Other, net Net cash used for financing activities Effect of exchange rate changes on cash and cash equivalents Net (decrease) increase in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period Non-cash investing and financing activities: Fair values of stock awards assumed in connection with acquisitions Change in unsettled repurchases of common stock Supplemental schedule of cash flow data: Cash paid for income taxes Cash paid for interest (37,982) 26,024 1,036 (41) (2.135) (13,098 (5,731) 4,687 12,575 (124) (1,564) 9,843 (1,400) 12,681 17,299 (363) (1,660) 26,557 (20,934) 1,786 (666) (3,063) 14,934 (2,631) 196 (10,378) 448 (7,141) 37,239 30,098 (19,240) 1,588 (665) (3,070) 19,888 (4,500) (133) (6,132) (36,140) 2,155 (503) (2,932) (125) (4,500) (136) (42,056 (158) (1,106) 21,620 20,514 16,725 20,514 37,239 S 8 S $ 66 S (40) (140) s $ 3,189 2,408 $ S 3,218 1,972 $ S 2,901 2,059Step by Step Solution
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